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tv   Your World With Neil Cavuto  FOX News  November 24, 2017 1:00pm-2:00pm PST

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according to adobe analytics. i'm ed henry in for shepard smith. "your world" is next. trish regin is in for neil. nice to see you. protesters lashing out in front of stores as shoppers are rushing in. welcome to "your world" and the busiest shopping day of the year. i'm trish regin in for neil cavuto. we are everywhere right now. we've got matt in chicago on protesters trying keep the shoppers way. lauren on customers trying to score the best deals and hillary in los angeles on malls trying anything they can to get shoppers into the stores. let's begin with the protests and matt. >> trish, these protesters have said they want to make app dent in chicago's pocketbook. so for the third year in a row, they have marched up and down
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the famed michigan avenue behind me demonstrating in front of stores, protesting and shouting and chanting perhaps to scare customers away and prevent customers from getting in. they're doing this all in the name of alleged police brutality and even police murder here in chicago. these protesters say they want to hurt chicago where it hurts, in its pocketbook. so they are marching up and down michigan avenue to try to dampen black friday sales here on michigan avenue. today i guess you could sum it up as a nuisance. people were still able to get in and out of stores. police followed around the protesters with no major incidents. but it's a nuisance and pain for families who are out here shopping, especially those with little children. you see a group chanting or shouts and you're not sure what it's about. when this first began in 2015, we were here reporting on that. and there were protesters storming up and down michigan avenue for hours on end, essentially shutting down major flagship stores like apple and nike. and that year, they definitely made a dent, sicking off the
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holiday sales on black friday. but today, it's fair to say these protesters did not succeed in entirely shutting down stores or keeping customers away. trish, back to you. >> talking about shop till you drop, thank you very much, matt. you look at some of these scenes across the country right now and you've got these crazy shoppers that are hunting everywhere they can for these doorbuster deals. but is the real frenzy actually online, not at the brick-and-mortar? lauren is in jersey city, new jersey with more on that. hi, lauren. >> trish, it's a good question. our habits on how we shop have completely changed. so there are big crowds today at many brick-and-mortars. best buy, they had folks camped out overnight. mall of america had craziness. so the crowds are showing up. but they're just not everywhere because the crowds are quite honestly on their phones. online shopping today this morning alone, adobe says $640
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million, just this morning. add that to $1.5 billion online yesterday, a holiday, that's a lot of money. but most of it, about half of it, is happening on mobile devices. so retailers -- i'm in front of target right now. they decided yesterday instead of staying open overnight like their competitors, they said, we look at the numbers, we're going to close at midnight. we're going to reopen on black friday morning, which is what they did. are there crowds here? yeah. is it crazy? no. because so many shoppers know that those deals are happening online, which brings me to what is very well expected to be the absolute busiest online sales day we've ever seen, cyber monday, the monday coming after this weekend, we're expecting to see $6.6 billion in sales. so you also spoke about deals, 4k tvs, the smart tvs are hot,
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the gaming consoles are hot. plus toys. amazon, 200,000 toys this morning alone. that was double last year's numbers. so the deals are there and the appetite is there. we're just shopping in different ways. >> thanks so much, lauren. malls are pulling out all the stops to get the shoppers in the door. hillary is in california with some of the more inventive things the malls are doing. give us some insight into that, hillary. >> trish, black friday is brick-and-mortar's christmas launch party as they kick off the holiday shopping season. but more and more people are celebrating from home, on thing to go online to shop the black friday deals. so malls are pulling out all the stops trying to get people hop offline and walk into their stores. malls across america are investing a lot of cash in christmas and they're hoping for a big payoff. shopping centers are dropping as much as half a million dollars each season on holiday decor and family friendly festivities,
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trying to offer shoppers a shopping experience that is worth the wait in line. and for some, it is paying off. the north hills mall in raleigh, north carolina, held a tree-lighting extravaganza that turned out over 10,000 people. they're also organizing holiday-themed cooking classes with families and pop-up pet adoption drives. the entire goal here, to bring more foot traffic through their doors and get people into the habit of going to the mall again. several malls have installed seasonal ice skating rinks. one baltimore-based mall has a calendar full of events for shoppers, including breakfast with santa and free hot chocolate on friday nights. the national retail federation expects sales to bump up 4%, making it the best holiday season in over three years. but so far this black friday, over a third of all sales have been online. trish? >> the way the world's going. thank you so much, hillary. amazon surging 2.5% today
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because what are shoppers doing, they are shopping online. going right to the couch and clicking there. but some walmart customers apparently not happy after the retailer ran out of some of its online inventory. retail watcher is with me with more on that. fill us in. >> yeah. i actually spoke to someone over at walmart. and they issued an official statement. i'll paraphrase it. they said they offer the lowest prices on the hottest deals. this is bound to be sold out online. if you think about it, walmart.com as of september 2017 was receiving about -- almost half a billion visitors -- unique visitors to that ecb with. if you increase that during black friday and take into consideration according to paypal that 80% of people are shopping via their mobile devices, this is of course going to happen. it's not just walmart specific. i think we're seeing that with a lot of different retailers.
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and we're probably going to see that as we get closer to the christmas and the end of the year holiday. >> understandably if you're offering a competitive price, you would think it would go at that price faster than it would at another. walmart's really been aggressively trying to take on amazon in some ways although i'm doubtful as to whether they can make inroads given that amazon is so much farther ahead of the game. how significant is this shopping season for walmart and what can they do in terms of their online business? >> they've put a lot of money into their infrastructure especially online. we're talking close to a billion dollars so far. so having them put that kind of money into it, they are really ramping up, trying to take away that market share from amazon. but this has been going on for years now, trish. will they be able to take on the juggernaut of amazon? that's the biggest question of the holiday season. they certainly are trying. but one tactic they are using is driving those people back into their brick-and-mortar stores.
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they're doing a lot of in-store events, some christmas parties, trying to get people in to make it an experimential shopping experience. >> and they're trying to localize things. by supporting the local football team to try to have a local appeal. i imagine during the holidays, they want to roll that out in an even bigger way because if you're going to compete with amazon, you have to have something more -- just like the malls are offering ice skating rinks or free hot chocolate. >> exactly. malls you're seeing really focus in on that entertainment. if you thinkn't a it, walmart's whole strategy is about being a part of that local community. so having events about the local community, driving people in to gather in their stores is just part of the fabric of what they're about. but will they be able to take on amazon? you have to weigh out local community versus convenience. i don't know, trish. for me, i'd rather just sit at home and watch netflix and shop online. >> i'm with you.
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but i had to do a little research today. so i braved it out there. and i walked down fifth avenue. and it was quite crowded and the stores were jam-packed with people. so i think that's a good sign for the economy. they're talking about sales being up 4% overall. is part of this tied into the optimism that we're seeing in america right now, hitha? >> we're certainly are. but we have to think about also the local communities, too. a lot of the parts of the united states have been ravaged by natural disasters. talking about houston, talking about puerto rico. there are some communities that can't even shop right now. so while we're seeing these general macro economic numbers look really positive, unemployment is coming down, consumer confidence is going up, there are pockets of the united states that aren't doing so well. what i'm focusing in on right now are the local communities to see how they're doing overall, making sure that they are rebounding as well. >> and by the way, i want to point out, i saw some really good sales going on. is that going to continue this holiday season? are we seeing lots of discounting? >> yeah. we are seeing discounting. but as you know, i've been
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covering this for the last ten years. when you're saying mass discounting like we saw back in 2007 before the recession, that's not a good sign. it may be good for the consumer but it's not a good sign for the economy. seeing more promotional cadence in line with the holidays is a better thing. >> indeed. thank you very much. >> thanks. >> good to see you. later this hour, unions trying to take aim at walmart with this thanksgiving day attack. but should they be thanking the nation's biggest employer instead? and while america spends the day thanking our troops, this nfl player was taking a knee, during the national anthem, sung by a military hero. president trump blasting the league for letting these players get away with this. we're on it for you.
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thanks for the ride-along, captain! i've never been in one of these before, even though geico has been- ohhh. ooh ohh here we go, here we go. you got cut off there, what were you saying?
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oooo. oh no no. maybe that geico has been proudly serving the military for over 75 years? is that what you wanted to say? mhmmm. i have to say, you seemed a lot chattier on tv. geico. proudly serving the military for over 75 years. you ok back there, buddy?
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from our family to yours... may all your wishes come true this holiday season. president trump lashing out on twitter today after this giants player takes a kneel on thanksgiving during the national anthem. oh, by the way, i should add, it was being sung by a military hero. the president tweeting today, quote, can you believe that the disrespect for our country, our flag, our anthem continues without penalty to the players? the commissioner has lost control of the hemorrhaging league. players are the boss. let's go right now to sportcaster warner. has the commissioner totally lost control over this league?
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>> yes. he should have put his foot down right away in 2016 when colin cap kaepernick kneeled down. he wouldn't let the dallas cowboys wear decals honoring six slain dallas citizens. there's a policy in the nfl that says players will stand during the anthem. it's not like he has to make something up. just enforce the policy. if they don't do it, then you fine them one game's pay or suspend them. that's the end of it. but as you pointed out, here was a military man singing the national anthem, protecting the rights of this buffoon player for the giants, allowing him to protest, protecting him -- it's unbelievable. what an ungrateful person.
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and then you had the guy in the chargers/cowboys game raising his fist during the anthem. what's the meter with these guys? you try and pull that in another country, gone! out! >> they say, this is our right, part of being an american is that you can do this. doesn't mean you should. >> that's right. but not -- >> doesn't mean you should. by the way, i would add to that, i think you're making a lot of sense when you say, this is in the rulebook, you're supposed to stand, you're supposed to play the part. and let's not forget, these guys are hired to do a job, right? to play and also to stand. that's part of the deal. >> and don't do it in my arena. i'm not paying you to do that in my arena. you want to go protest, good, go ahead. that's what the country is about. do it on your own time and your own place. if you or i tried to do that in a workplace, we're gone. i'm telling you, these guys are so ungrateful.
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>> it's out of control, isn't it? i go back to roger goodell because this isn't the only thing he's lost control over. don't forget all the domestic violence situations that were going on. don't forget the concussion issues. roger goodell is five steps behind all of it, warner. >> yes. >> is it time for a new commissioner? >> in my opinion, yes. but he has botched the whole thing -- i think he's the weakest nfl commissioner in history. you could have solved this -- i would take the two players from last night and during the off-season either put them on active duty for one month or send them around with a policeman for one month and see what real men do who put their lives on the line, protecting these guys of playing a men's game and just making millions of dollars. but, yes, goodell has blown it. and, look, he makes $40 million a year. he's not going to rock the boat. >> he's asking for $50 million, warner.
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>> that's right. >> so big bucks for what one could argue, not a very good job. that said, credit where credit's due, it was actually only one player in yesterday's game that took the knee. so are we seeing any kind of -- >> but one player raised his fist in the chargers' game. >> so it's not a problem -- >> no, this is good. a million less fans watched last sunday's games than they did the year before. this is great. the fans are fed up because next will be the sponsors. and then they'll say, we're not going to pay that kind of money if fewer people are watching. then the owners will say, wait a minute, we're not going to get the same money? well, then, we can't pay the players the same. so it goes around. >> president trump is making the point that suddenly now the players are the boss and i guess to a certain extent the players have always been the boss in
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that if you don't have the players, you don't have a game. but that's a leverage that you need to balance. and if you're a talented commissioner, you figure out a whey to do that. in this particular case, it doesn't seem as though that's being done to the degree as which it should, warner. but what happens if all the players say, to heck with this and they walk and they don't participate in the game, what do you do then? >> and where are they going to go? is there another job that they can suddenly walk in there -- in a grocery store and make millions of -- >> didn't this happen in the '80s -- i remember at some point -- you know your football better than i do. but this happened and basically they had a bunch of class "b" players that came in -- >> it was a strike. >> and all of a sudden nobody wanted to watch. >> that's right. but these guys aren't going to go anywhere. that's their job.
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>> in other words, the teams have more leverage. the commissioner has more leverage than any of them realize. this has exploded out of control. they need to get a handle on it, right, warner? >> absolutely. but this guy, the commissioner has put his job first, the money -- oh, i don't want to make any changes, i don't want to upset anybody. other commissioners would have -- boom, right away. >> we'll see whether he gets that $50 million. warner, good to see you. >> thank you, trish. forget apologizing. in the wake of new allegations, some politicians say senator al franken should be resigning and they're democrats, to boot. where is all this heading? the senator is set to address reporters on sunday. meanwhile, crucial week ahead, president trump preparing to meet with republican senators on tuesday. but could some of those senators sink this whole thing? [vo] when it comes to investing,
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essential harassment claims are still rocking capitol hill with roy moore refusing to drop out of the alabama senate race. and now senator al franken is issuing another apology as some members of his own party say he should resign. kristin fisher is live from washington, d.c. with the latest. hi, kristin. >> hi, trish. democratic senator al franken is now apologizing after four women have come forward and accused him of inappropriately touching them. first it was a radio host who said he touched and kissed her against her will in 2006. then on monday, another woman said that he grabbed her bottom during a photo op at the minnesota state fair in 2010. and now the huffington post is reporting that two other women say he did essentially the same
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thing at campaign events back in 2007 and '08. well, the congressman responded last night by apologizing without admitting to any real wrongdoing. he says, quote, i've met tens of thousands of people and taken thousands of photographs, often in crowded situations. i'm a warm person, i hug people, i've learned from recent stories in some of those encounters i crossed a line for some women and i know that any number is too many. now, in addition to the allegations against franken, you've got republican congressman joe barton of texas dealing with that naked picture of him which appeared on an anonymous twitter account. you've got john conyers of michigan accused of sexual harassment. both conyers and franken are facing ethics investigation. and then there's roy moore in alabama. the election for that senate seat isn't until december 12th. so you've got some very big distractions for congress at a
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time when they really need to be focusing on tax reform and the spending bill which runs out exactly two weeks from today. >> they've got a lot of work to do and a lot of distractions. thank you so much, kristin. the big agenda to tackle, how should congress handle these claims to focus on the people? lee carter joins me now. what a mess. it's really bad and we've also learned there's a $17 million taxpayer-funded fund to deal with paying off some of the people that are victims of these harassment claims. >> i thought that politics was going to be the worst thing we were going to have to talk about at the thanksgiving dinner table. this was one of the hardest conversations people had to have because we're talking about the leadership of our country and it's one by one these people are falling. and it's become political. and it shouldn't be political. what this is is disgusting, abhorrent. we need to take a stand across the board and say, we are not going to allow this. >> is it really political?
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there's guilt and blame on both sides. >> it does seem that way. >> republicans and democrats. >> that's the way i feel. it shouldn't make it a right or left issue. but they are. people are talking about degrees of who's right and who's wrong, moore is worse than franken. it doesn't matter. all this behavior is disgusting. we have to teach our children better than this. >> in al franken's case, there's that horrible photo as well that made the rounds of his hands on a woman's breasts while she's sleeping. to me, it was just the epitome of disgusting and yet he doesn't want to resign. he thinks he can regain the trust of his drifenlgt what are the chances of that? >> he doesn't want to resign. he thinks that was some kind of a joke. i don't know how you can think that's funny. he should resign. if we're going to hold the standard to moore and others and say they should resign, we should hold the same standard to franken. it's not just one woman. we have four new women he's apologizing about. so we have to take a look at this and say, what do we do?
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what if we were in the corporate sector? in the corporate sector, this would launch an investigation, likely somebody would be -- these people would be fired. at a minimum, they would be suspended and not allowed to be performing their jobs while they were under suspension. >> there's news today that they want to actually put some classes in, anti-discrimination, anti-harassment classes, et cetera, so that members of congress can take these things -- it amazes me that you have to take a class to learn to behave like a decent human being. most corporations have classes like that already. but there's nothing on capitol hill -- >> that's right. most companies do. and in fact most companies that i work with are refreshing those policies. and they have all kinds of training going on. some people complain it's going too far. because there are things like, can you even compliment women anymore? i'm like, come on, people. that's not what this is about.
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>> that's when the pendulum swings too far. i think people know the difference between saying, lee, that's a great dress, and something else. >> yeah. i would hope so. but i know this is an issue a lot of people are talking about out there. how do you know when it's too far? everybody knows the difference between something that's meant to be sexual and not. i don't know if training these people is going to help that much. when you look at how men in the workplace come, out of college, we know one in four or five women have experienced date rape. what do we expect them to get a college degree and this kind of behavior to stop once they get to the workplace? there's a more systemic issue at play. and it's not a republican or democrat issue. this is something we need to get ahold of and make sure we take a heart stand now. we can't allow this and say that it's okay just to get a vote. >> it's front and center. people have been put on notice. lee, thank you so much. this is the day union-backed protests against america's largest employer used to look like this.
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but now they're declaring war on walmart in a different way. why the change? what is it? and if you thought you waited to get on that flight going to mom and dad's, wait until you find out how long it's going to take to get home on sunday.
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you thought the airport was packed on your way to grandma's?
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wait till sunday. nearly 3 million passengers are flying. >> i do quite a bit of holiday shopping and
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forget black friday. holiday shoppers rushing into walmart stores on thanksgiving thursday. bargain hunters, they like it. but one pro union group absolutely hating it. >> these are all real walmart workers, afraid to speak out publicly or show their faces. they're faced with the choice of working with no holiday pay on thanksgiving instead of spending time with their daughter or see her grandfather or to be with her 4-year-old. hardworking walmart workers with no holiday pay and no chance for a better life. so this thanksgiving, give thanks for one thing, that you don't work for walmart. >> making change at walmart. that's the organization putting out that ad and planning others against the nation's largest private employer this holiday season. amy ritter is the group's
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communication director and he joins me now. amy, welcome. >> hi, trish. thank you for having me. >> so what is the point you're trying to get across? what do you want to accomplish with a commercial like this? >> this commercial is all about recognizing what holiday workers sacrifice when they go in to work on these holidays. holidays that make everybody better, that make the world happen. and this is all about giving those workers the fair compensation that they deserve for working hard and sacrificing time from their family, time away from their children. and really doing what it takes to make the holidays happen. it's about recognizing that and giving them the pay that they have earned and deserve. >> what about the workers' choice in all of this? the worker theoretically could sao paulo, i'm not going to work for that little amount of money and go go elsewhere, could stay home. how does that account into your thinking? >> sure. when walmart is the largest private employer in the nation, the largest retailer in the
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world, they employ 1.5 million workers in this country, it doesn't really give a lot of choice for workers. walmart is in every corner of this corner and employs hundreds of thousands of people and it's hard for workers in the retail industry to have a better life when you have the largest retailer in the nation setting a standard that is so low for so many americans. >> so how do you fix this, in your view? is it unionization of workers? >> we think the solution is, first of all, bring back the holiday pay that walmart used to provide for its workforce, paying a livable wage so that workers don't rely on government assistance programs to the tune of $6.2 billion every year, estimated. doing the right thing like investing their profits back into the workforce and not into share buyback programs like they're doing in the stock market. the solution is simple, it's investing in the workforce that make the holidays happen. and we're here to tell the real story of walmart workers during
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the holiday season and to make sure that walmart really honors and values the workforce that makes the holidays happen for them. >> when you say livable wage, what is that? >> i can tell you, a livable wage is not what walmart is paying. they pay $9, $10 an hour. and anybody that says that's enough or that's enough above the minimum wage, i challenge them to take the walmart challenge and to try to live a quality life on $9 or $10 an hour. we've spoken with workers who have been with walmart for 14, 15 years and are only at $10 an hour, $10.50 an hour. that's not the right thing. that is disgraceful. that is not what american values are about and that is not success in our country. that's taking the american dream away from 1.5 million workers by not allowing them to rise above these poverty level wages to get off of government assistance programs that they're forced on by only being paid low wages. >> amy, i'm sympathetic to what you're saying.
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by at the same time, that's 1.5 million people that have a job, that may otherwise not have a job. what you're talking about here is, okay, if they pay their workers more, that's got to come from somewhere. you either have to charge higher prices or you don't have as many stores and you don't have as many workers? >> that's something that walmart likes to say. but they profit an average of $15 billion every year. walmart can very easily afford to do the right thing. they can afford to do the right thing without raising prices, without closing down stores, without retaliating against workers -- >> their stock's been under a fair amount of pressure of late. they're challenged by amazon and how amazon is eating everyone's lunch. we reached out to walmart for a statement about being open on thanksgiving and i think we have it here for you. this is what they told us. quote, being open on thanksgiving isn't new for walmart. in fact, most of our stores have
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been opened 24 hours since 1988, just like restaurants, gas stations, airlines and other grocery stores, we're open as a service to our customers on thanksgiving. in other words, part of being in business is being open on days when customers are going to want to shop. and part of working for that business means you're willing to work on days that, well, the customer is going to be there. >> absolutely, trish. we are not saying that companies need to shut down during one of the most profitable times for retail season. what we're saying is that these workers going in to work on the holidays that are giving up time away from their families and from their children and from loved ones, that they deserve to be paid that additional holiday pay that shows them, that tells the story that this is special. that working on the holiday, we recognize all that you give up. and we care object our workforce and we're going to compensate you fairly for giving up your
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holiday so that others can enjoy theirs. again, ultimate goal here with your organization, would it be to unionize these workers? do you think they have more power together? >> we always believe that america is stronger when we're together and we can make the right steps to change walmart, make them a responsible employer. if that means workers having the ability to speak up, workers being able to discuss things like wages, like holiday pay, like the inadequate benefits that they're receiving, like fair scheduling, absolutely, we think they should be able to have that. >> amy, thank you very much. good luck. ahead, make-or-break week for tax cuts. markets are betting big those tax cuts are going to happen. so what happens to the markets if they don't? we're on it. liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance.
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big, big week ahead for the republicans' tax agenda. president trump set to address gop senators at their weekly policy lunch on tuesday. on the menu, so to speak, tax cuts.
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the big question is, will people actually bite? how do you like that? phil is live in west palm beach with what we can expect in d.c. phil, what do you think? >> well, trish, we all know that president donald trump certainly has an enormous appetite for tax cuts, having campaigned heavily on that all last year and of course after ten months of being in office as president, it is a key campaign promise he is still waiting to fulfill. gop leadership on the matter says it hopes to present its smorgasbord of cuts, who gets what and how much, as early as next week. the gop senate policy lunch happens regularly every tuesday. but next week will be the first for president trump to also attend. the tax plan crafted by republican leaders and trump calls for big cuts for corporations, potentially for individuals, too. shrink the number of tax brackets to three or four and
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inheritance taxes -- also on tuesday as we reported the other day, president trump will host the big four congressional leadership at the white house. that's senator majority leader mcconnell, paul ryan, chuck schumer and nancy pelosi. that meeting will also likely talking tax cuts. but the bigger topic will be avoiding a government shutdown next month. at least a short-term budget extension is due by december 8th. and, remember, even though the white house does call this a working vacation for president trump on palm beach, there is the second half of that equation, the vacation part. and today, a very memorable day for the president, golfing at his nearby trump national golf club up in jupiter, 30 miles away, with some of the best in the game -- tiger woods, dustin johnson, who happens to be the number one ranked player in the world, and brad faxon, another
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pga pro. no word on who had the lowest score. but what a cool day. >> good stuff, thanks so much. the markets continuing to move higher here. stocks seemingly hitting new records every day. you have the s&p 500, the nasdaq and the russell 2000 all closing at record highs. investors banking on tax cuts. what does that mean if we don't get the tax cuts? we're asking my next guest, kyle harrington and lenoir hawkings. good to see you both. if it doesn't happen -- if the tax cuts don't come by year end, what happens to the stock market? >> the market will definitely take a hit. right now, the market is priced more expensively than in any other market peak in history, with the exception of the '99 craziness. and you've got a ratio of about 6 to 1 bulls to bears. that ratio is hitting record highs. it's almost wiping out the
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biggest high of all time which was in pre-1987 crash. so you look all over the place, there's a lot of hope in this market. if we don't see the tax cuts, investors are going to start looking outside the u.s. where stocks aren't as expensively priced. >> kyle, i was talking to an investor the other day who makes a very optimistic case. so i'll temper some of what lenore said with what he said. the market is based on earnings and the economy because the economy is pretty good. the gdp numbers, who argues with 3%? you look at the amount of jobs added, wages hopefully starting to move higher and a market on fire because of earnings. so in his view, we basically are doing pretty well. if we don't get tax cuts, maybe we continue along here which we'd love to see. if we do get tax cuts, he thinks, 24,000, 25,000 on the dow is possible.
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what's your view on that? >> i share the sentiment of lenore. i think the market has priced in a lot of this market hype so far. i think we have gotten a little ahead of ourselves based on the fact that donald trump and his mission is these tax cuts going forward across corporate and individual lines. so we have 100 republicans in the senate, 52 are -- well, 100 senate seats. 52 republican senators. i think this is a very important piece of legislation. i think trump being involved is very important as he goes into this meeting. >> you have a lot of fiscal hawks out there right now and a lot of republicans that don't really sign up for donald trump's republicanism, if you would. so that's expected to be a real problem. what are the odds that they actually get something done by year end? >> i think it's going to be very difficult for them to do it. there's not a whole lot of time left. and unfortunately we have become so polarized that trying to get
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everyone on the same page is not going to be an easy thing. and a lot of those republicans are right. when they look at this bill and say they, you look at total government debt, that's national, state and local, as a percent of gdp, back when the financial crisis started in 2008, it was 75%. today it's 110%. and that debt, a lot of it keeps coming due. so we have to keep refinancing it. if we keep spending more than we take in in tax receipts, it's more of a drain on the economy because more money has to go to paying the debt. >> i don't disagree with that at all, trish. i like the fact that you highlighted the gdp growth, moving from 1.5% to 3%. i think that's the -- >> if we can just get 5%, right? >> yes. >> thanks very much, guys. guess who's the new $100 billion man after today? the answer, next. and it's now j! but the real gift isn't what's inside the box.
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the new $100 million is none other than jeff bezos. seeing his net worth hit $100 billion today. interesting it happens on black friday. he's up more than $30 billion so far this year. life is good for jeff. all right, black friday isn't even over and already retailers are advertising their cyber monday deals. online competition from amazon has many traditional retailers fighting for survival. how is this season shaping up and are retailers banking on those gop tax cuts? we are asking gerald stork. good to see you. >> great to be here. >> tax cuts, how important are they for corporations, for retail and for the country? >> i think they're very important. anything that puts more money in the hands of consumers is great. anything that puts more money back into companies, fantastic.
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the u.s. tax rate is among the highest in the world. and retailers, by the way, don't have a lot of special tax breaks or loopholes. tend to pay very high tax rates as a group of companies. this would be very helpful. >> we were just talking about that. but let me turn to retail and the christmas season, holiday season. expectations that sales are going to be up 4%. is this going to be enough for the retail sector which frankly has been under so much pressure? >> well, there's no doubt that this is a very transformational period for retailers. but there are winners and losers in that. there are winners and losers in the bricks-and-mortar stores. there are companies who are way ahead of the game in terms of getting the internet and the bricks-and-mortar competition right. i think this year, it was oversold that the internet was
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destroying bricks-and-mortar retailers when 85% of sales still take place in physical storefronts. what you saw today was resilience where there were mobs in stores. i went to walmart and best buy last night -- >> it's what you do for fun. >> and they were mobbed. >> there's something about black friday, right? and americans love to go out and shop and hunt for deals. >> yeah. >> we are consumers. that's a big part of -- >> mobs. and they were in good moods. people were having fun. this is a form of entertainment. people love to go shopping. >> so overall -- i think that's a good point, 85% of sales still being at brick-and-mortar stores -- >> a lot of the growth is taking place online. but even there, not all of that's amazon. a lot of that is the growth in the internet arms of the bricks-and-mortar retailers. >> how should investors be thinking about amazon? just bezos now worth $100 billion. he's seen $30 billion in his own
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growth this year. the stock is on a tear. is it too heady for you? >> they've done an amazing job. but i've been expecting it not to keep going from the second or third year it was there and i was wrong. so i'm not going to call anything negative about amazon. i would say that there are opportunities in the best bricks-and-mortar retailers, the best traditional retailers. t.j. maxx is worth more than the entire retailer industry. if you're good at the internet, you can do it. >> good to see you. >> great to be here. shouting, no justice, no profit, are these protesters helping or hurting their cause? are you on medicare?
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with 40 years of medicare experience, we'll be there for you we can even help schedule your appointments. open enrollment ends december 7th. if you're medicare eligible, call now and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call unitedhealthcare or go online to enroll. sfx: mnemonic [chanting] >> trish: protesters ticked off at police as they target shoppers during the kickoff of this crucial holiday shopping season. are they helping or hurting the cause? and could amazon be
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overthrown as america's online giant from an overseas rival? we are all over it tomorrow on the cost of freedom. i will be hosting "cashin' in" at 11:30. see you then and tonight -- ♪ ♪ >> jesse: hello, everybody, i'm jesse watters along with kimberly guilfoyle, jessica tarlov. this is the five. thanks for joining us on this day after thanksgiving. now it's time for -- the fastest thanksgiving recap. black friday chaos. thanksgiving protests and more. but, first up. all of you at home are probably nursing your turkey hangover right now. and we hope had you a great holiday with your friends and family. but we're going to go take it around the table to see how the five celebrated. let's start with you,

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